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INDIRECT TAX LAWS
Unit 1: Introduction
Unit 2: Central Excise
Unit 3: Customs Law
Unit 4: Structure of GST in India.
Unit 5: Registration, Levy and Collection of Tax under GST.
Brief History of indirect tax in India
The history of Indirect Taxation in India dates back to a few centuries and cue of the same is found in Kautilya’s Arthashastra. During those days, taxes were collected in kind in the form of crop and / or any agricultural product. Over the centuries, the nature and scope of indirect taxes in India have undergone significant changes.
During British rule, several indirect taxes were introduced in India, such as customs duties, excise duties, and income tax. The Indian government continued to levy these taxes after independence in 1947. However, with the introduction of economic reforms in the early 1990s, the government embarked on a new tax policy aimed at simplifying the tax system and reducing the burden on taxpayers.
One of the significant changes in the history of indirect taxes in India was the introduction of Value Added Tax (VAT) in 2005. The VAT replaced the earlier Sales Tax system and was designed to make the tax system more transparent and reduce the cascading effect of taxes.
In 2017, the Indian government introduced the Goods and Services Tax (GST), which is considered the most significant tax reform in India's history. The GST replaced several indirect taxes such as VAT, excise duty, service tax, and customs duty, and brought the entire country under a unified tax regime.
The GST system is based on the principle of destination-based taxation and is designed to simplify the tax system, increase compliance, and reduce the burden of multiple taxes on businesses. The GST is administered by both the central and state governments and is levied on the supply of goods and services.